Kayelekera uranium restart project, Malawi – update

Photo by Lotus Resources Image of Kayelekera operations By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

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Name of the Project Kayelekera uranium restart project . Location Karonga district, northern Malawi. Project Owner/s Uranium developer Lotus Resources . Project Description Kayelekera, currently under care and maintenance , successfully produced uranium in the past, having delivered about 11-million pounds of uranium to the market from 2009 to 2014.An accelerated restart plan completed in October 2024 has promised positive operational and financial outcomes, assuming a long-term uranium price of $90/lb.Under the plan, the life-of-mine (LoM) production target is estimated at 19.3-million pounds of triuranium octoxide over a ten-year mine life. Potential Job Creation More than 600 jobs will be created for the local community. The project ’s workforce is expected to expand as work progresses, ensuring that the mine restarts […]

Historic Uranium Data Reveals Untapped Potential in Labrador’s Central Mineral Belt

Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTC) has completed the acquisition and compilation of historical data for the Snegamook uranium project, located in Newfoundland and Labrador . The project, which contains known uranium mineralization, is positioned near key discoveries in the region, including the Two Time, Moran, Kitts, and Jacques Lake deposits.

Historical drilling conducted by Silver Spruce Resources between 2006 and 2008 identified multiple uranium mineralized lenses over a 300-meter strike length and to a depth of 200 meters. The drill results reported uranium grades ranging from 225 to 771 parts per million (ppm) U3O8, with higher-grade zones, such as 0.11% U3O8 over three meters. A preliminary resource estimate was prepared in 2008 but was never finalized or filed under National Instrument 43-101 compliance. Azincourt aims to verify and expand upon these findings through further exploration and drilling efforts.

The Snegamook project consists of 17 contiguous mineral claims covering 423 hectares within […]

Terra Uranium moves into base metals with acquisition of high-grade tin-silver-gold projects in NSW

Terra Uranium ASX T92 tin LCT Metals acquisition Terra Uranium (ASX: T92) will take ownership of two high-grade exploration licences in the New England region of New South Wales via its proposed acquisition of private company LCT Metals.

The licences house the historic Ottery tin mine, the Castle Rag silver project and the Mole River silver-tin project and will enable Terra to expand its exploration strategy beyond uranium for the first time.

The company will retain its projects in Canada’s Athabasca Basin, which have been hailed as integral to taking advantage of an anticipated recovery in uranium prices. Expanded strategy

Executive chair Andrew Vigar said the acquisition signified a turning point for Terra.“Terra’s exploration strategy has now been expanded from just uranium to tin, silver and gold in Australia,” he said.“While we will retain our valuable Canadian uranium assets, we have taken the option to make an acquisition in the prolific […]

Uranium Week: Tariff Paralysis

This story features BOSS ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: BOE

U308 market remains gripped by uncertainty around tariffs and the potential Russia/Ukraine ceasefire.

-U308, a moribund market with no buyers or sellers
-US Administration supports nuclear renaissance
-Citi remains structurally bullish on uranium -Short sellers in Australia remain committed Uncertainty underpins a lack of interest Thus far, TradeTech’s spot price indicator has declined -17.1% in 2025, pulling price weakness over the past twelve months down to -26.7%. Last week, the consultant’s spot price indicator fell -US$0.25 to US$63/lb.TradeTech’s mid-term U3O8 price indicator came in at US$71/lb, and the long-term price indicator at US$80/lb.Uranium markets are currently extremely quiet, with one single transaction reported on Friday for the purchase of 100,000 lbs U3O8 for delivery at Cameco’s Canadian plant. Utilities have stepped away from making long-term purchases as more uncertainty emerges around the tariff […]

Snow Lake says Pine Ridge uranium project to benefit from Trump’s critical minerals order

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Podcasts Videos Investing Groups Explore Investing Groups Portfolios Create Portfolio+ Portfolio Health Check About Portfolio Find & Compare Stock Screener ETF Screener Comparisons Subscriptions Alpha Picks Premium & Pro Group Subscriptions Search fieldEntering text into the input field will update the search result belowEntering text into the input field will update the search result below About Premium Unlock unlimited Premium access & actionable investment strategies today » Commodities On the Move Energy (2min) Liens Snow Lake Resources (NASDAQ: LITM ) +37.9% pre-market Friday after saying its recently announced joint venture with Global Uranium and Enrichment Ltd. on the Pine Ridge uranium project in Wyoming is positioned to directly benefit from President Comments(3) Recommended For You More Trending News See More » Create a free account to read […]

Insiders Of CanAlaska Uranium Retain CA$1.4m Of Investment Selling At Higher Prices

Share Source: Shutterstock While CanAlaska Uranium Ltd. ( CVE:CVV ) shareholders have enjoyed a good week with stock up 23%, they need remain vigilant. Even though stock prices were relatively low, insiders elected to sell CA$1.4m worth of stock in the last year, which could indicate some expected downturn.

Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

Advertisement CanAlaska Uranium Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Non-Executive Director, Peter Dasler, sold CA$437k worth of shares at a price of CA$0.73 per share. That means that even when the share price was below the current price of CA$0.85, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be […]

Monsters of Rock: Euroz goes bullish on uranium Boss, but Canaccord chops lithium price forecasts

Pic: Getty Images share

Euroz puts buy label on Boss, bets on uranium producer to beat the shorts

Canaccord chops lithium price forecasts with surpluses forecast to 2028

Rio’s Robe River joins contest for Creasy-backed iron ore deposit Good and bad in the latest updates on the future facing commodity space from Aussie brokers this week.While some are calling the uranium stock sell off and shorting trend overblown, others are getting more bearish on the price recovery for lithium products.We’ll start with the good news for fans of Boss Energy (ASX:BOE) , which is heading into the back half of its first year as a uranium producer at its Honeymoon operation in South Australia and 30% owner of the EnCore Energy operated Alta Mesa project in the USA.Recent ructions at the management level at EnCore have not helped and Boss has spent all of 2025 so […]

North Shore Uranium Signs Exploration Agreement with the English River First Nation

VANCOUVER, BC / ACCESS Newswire / March 20, 2025 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to announce that it has executed an exploration agreement with the English River First Nation ("ERFN") in Saskatchewan ("the Agreement"). The Agreement outlines a number of areas of collaboration between the ERFN and the Company at its Falcon property ( "Falcon" or the "Property") at the eastern margin of the Athabasca Basin in northern Saskatchewan.

The ERFN is a First Nation with its main reserve Wapachewunak Saskatchewan, located approximately 200 km southwest of Falcon. ERFN’s ancestral territory covers approximately 75,000 km 2 of north-central Saskatchewan. Traditionally, people of the ERFN are known as the "People of the Great River", referencing the Churchill River. The ERFN prides itself on being guided by ancestral traditions and the knowledge of their Elders while being a partner with […]

Skyharbour’s Partner North Shore Uranium Signs Exploration Agreement with English Rivers First Nation

Vancouver, BC, March 20, 2025 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ("Skyharbour” or the "Company”), is pleased to announce that its partner company, North Shore Uranium ("North Shore”), has executed an exploration agreement with the English River First Nation ("ERFN”) in Saskatchewan ("the Agreement”). The Agreement outlines a number of areas of collaboration between the ERFN and North Shore at its Falcon property ( " Falcon ” or the " Property”) at the eastern margin of the Athabasca Basin in northern Saskatchewan. North Shore may acquire an initial 80% interest in Falcon by issuing common shares having an aggregate value of CAD $1,225,000, making aggregate cash payments of $525,000 to Skyharbour, and incurring an aggregate of $3,550,000 in exploration expenditures on the property over the earn-in period.

Location Map of Falcon Project:

https://skyharbourltd.com/_resources/maps/Sky-SouthFalconOption.jpg?v=0.1

The ERFN is a First Nation […]

Skyharbour’s Partner North Shore Uranium Signs Exploration Agreement with English Rivers First Nation

Skyharbour Resources (SYHBF) announces its partner North Shore Uranium has executed an exploration agreement with English River First Nation (ERFN) for the Falcon property in Saskatchewan’s Athabasca Basin. North Shore can acquire an initial 80% interest in Falcon by issuing CAD $1,225,000 in shares, making CAD $525,000 in cash payments, and spending CAD $3,550,000 in exploration.

The Falcon Project spans approximately 42,908 hectares and is located 50 km east of the Key Lake mine. North Shore has identified 36 uranium targets associated with electromagnetic conductor anomalies. Recent drilling discovered near-surface uranium mineralization at two previously undrilled targets. Historical sampling revealed uranium concentrations up to 0.492% U3O8 at the EWA target.

North Shore can acquire the remaining 20% interest by issuing shares worth CAD $5,000,000 and making a CAD $5,000,000 cash payment within 90 business days of earning the initial 80%. Otherwise, a joint venture will be formed with Skyharbour retaining 20%.

Positive […]

The Best Setup in the World: Why Uranium Stocks Are Poised to Explode – Interview Chris Temple

Listen to the podcast:

https://www.spreaker.com/episode/the-best-setup-in-the-world-why-uranium-stocks-are-poised-to-explode-interview-chris-temple–64985954 Watch the Podcast on YouTube:

https://www.youtube.com/watch?v=cV1-SkV_00I Listen to Exploring Mining podcast on iTunes Apple podcasts

Listen to Exploring Mining on Spotify Podcast Overview:Chris discusses the recent movements in metals, particularly gold and silver, which he believes are driven by insatiable appetite for physical gold and silver.He also expresses his agnosticism towards copper, attributing its recent increase to stockpiling and anticipation of increased tariffs.Chris shares his top three commodity themes for the long term, which are natural gas, gold, and uranium.Trump’s Trade Approach: Chris expressed his concerns about President Trump’s approach to trade with Canada, arguing that it is not economically sound and could harm the domestic energy industry. He suggested that the US should focus on tariffs against countries like Japan and Europe, rather than Canada and Mexico.Chris also discusses the potential impact of the US election on Canada’s political landscape […]

Independent Report Confirms Uranium Discovery and Expansion Potential at Angilak – Highlights 31 KM Rib-Nine Iron Trend With Grades up to 30.3% U3O8 & Mushroom Lake With Grades of up to 47.8% U3O8 in Outcrops

HIGHLIGHTS The Angilak Project is situated around the Angikuni Basin, which is a direct analog to the Athabasca Basin with comparatively little exploration. The Project is anchored by the Lac 50 Deposit in addition to eight named showings containing high-grade uranium located across the project area;

SRK Consulting completed regional scale Structural Interpretation and Targeting Assessment that identifies the major primary and secondary structural controls (conduits, traps, and the overall plumbing system for uranium) hosting the majority of high-grade mineralized discoveries beyond the Lac 50 Deposit area at the Angilak Project located in Nunavut , Canada;

Understanding these controls provides the Company with a roadmap for targeting additional discoveries, such as unconformity and basement – Athabasca style – high-grade uranium mineralization within the Angikuni Basin;

Rib-Nine Iron Trend: Increased from 25 to 31 km and is now interpreted to extend under the cover of the Angikuni […]

North Shore Uranium Signs Exploration Agreement with the English River First Nation

VANCOUVER, BC / ACCESS Newswire / March 20, 2025 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to announce that it has executed an exploration agreement with the English River First Nation ("ERFN") in Saskatchewan ("the Agreement"). The Agreement outlines a number of areas of collaboration between the ERFN and the Company at its Falcon property ( "Falcon" or the "Property") at the eastern margin of the Athabasca Basin in northern Saskatchewan.

The ERFN is a First Nation with its main reserve Wapachewunak Saskatchewan, located approximately 200 km southwest of Falcon. ERFN’s ancestral territory covers approximately 75,000 km 2 of north-central Saskatchewan. Traditionally, people of the ERFN are known as the "People of the Great River", referencing the Churchill River. The ERFN prides itself on being guided by ancestral traditions and the knowledge of their Elders while being a partner with […]

Guy Le Page: Copper, Uranium Top of Mind, Plus Aussie vs. Canadian Mining

As the gold price continues to trade at or near record levels, Guy Le Page, director at RM Corporate Finance, said he’s seen a "big uptake" of gold stocks in Australia over the last 12 months. Interest in lithium has dropped off, but copper, uranium and critical minerals like antimony are gaining attention. "We’re seeing broad interest across the commodities,” Le Page told the Investing News Network (INN) at this year’s Toronto-based Prospectors & Developers Association of Canada ( PDAC ) convention. In terms of what his firm is focusing on right now, he highlighted copper and uranium. "I think copper and uranium are front of our mind at the moment," Le Page said. Why copper and uranium? Copper’s importance in Australia is growing as the country focuses on its road to net zero. The red metal is often used for renewable energy innovations such as electric vehicles, wind […]

Independent Report Confirms Uranium Discovery and Expansion Potential at Angilak – Highlights 31 KM Rib-Nine Iron Trend With Grades up to 30.3% U3O8 & Mushroom Lake With Grades of up to 47.

HIGHLIGHTS The Angilak Project is situated around the Angikuni Basin, which is a direct analog to the Athabasca Basin with comparatively little exploration. The Project is anchored by the Lac 50 Deposit in addition to eight named showings containing high-grade uranium located across the project area;

SRK Consulting completed regional scale Structural Interpretation and Targeting Assessment that identifies the major primary and secondary structural controls (conduits, traps, and the overall plumbing system for uranium) hosting the majority of high-grade mineralized discoveries beyond the Lac 50 Deposit area at the Angilak Project located in Nunavut , Canada;

Understanding these controls provides the Company with a roadmap for targeting additional discoveries, such as unconformity and basement – Athabasca style – high-grade uranium mineralization within the Angikuni Basin;

Rib-Nine Iron Trend: Increased from 25 to 31 km and is now interpreted to extend under the cover of the Angikuni […]

GX Uranium ETF (URA) Elliott Wave technical analysis [Video]

GX URA Elliott Wave analysis

The Global X Uranium ETF (URA) is an exchange-traded fund that provides exposure to companies involved in uranium mining, exploration, and production and those involved in developing nuclear energy. Managed by Global X ETFs, URA aims to track the Solactive Global Uranium & Nuclear Components Total Return Index.

URA appears to have completed the initial leg of its corrective phase, following the completion of a long-term 5-wave diagonal structure that peaked at $34 in October 2024. This decline represents the first part of a three-wave corrective sequence. The current upward retracement is unfolding as wave (b) but is expected to remain capped below $34, after which the price should turn lower to complete wave (c) and finalize the corrective pullback. URA daily chart – five-wave advance and correction in progress

The daily chart reflects a well-defined 5-wave diagonal structure that began in March 2022, propelling […]

ATHA Energy: Independent Report Confirms Uranium Discovery and Expansion Potential at Angilak – Highlights 31 KM Rib-Nine Iron Trend With Grades up to 30.3% U3O8 & Mushroom Lake With Grades of up to 47.8% U3O8 in Outcrops

HIGHLIGHTS The Angilak Project is situated around the Angikuni Basin, which is a direct analog to the Athabasca Basin with comparatively little exploration. The Project is anchored by the Lac 50 Deposit in addition to eight named showings containing high-grade uranium located across the project area;

SRK Consulting completed regional scale Structural Interpretation and Targeting Assessment that identifies the major primary and secondary structural controls (conduits, traps, and the overall plumbing system for uranium) hosting the majority of high-grade mineralized discoveries beyond the Lac 50 Deposit area at the Angilak Project located in Nunavut , Canada;

Understanding these controls provides the Company with a roadmap for targeting additional discoveries, such as unconformity and basement – Athabasca style – high-grade uranium mineralization within the Angikuni Basin;

Rib-Nine Iron Trend: Increased from 25 to 31 km and is now interpreted to extend under the cover of the Angikuni […]

Evening Wrap: ASX 200 rallies as hopes grow low is in! Tech, gold, banks best, as uranium rally gains momentum

Finally a day for Aussie investors to cheer, and no doubt one that has brought substantial relief to many.

Beaten down Information Technology, Real Estate, Banking, Health Care, and Consumer Discretionary stocks recouped some of their recent heavy correction falls.

In resources, particularly strong gains were seen in both Gold and Uranium stocks as the prices of each of those underlying commodities rallied overnight.

There were losers, though, with iron ore stocks like BHP, RIO, and FMG each seeing heavy falls, as did many lithium stocks (the lithium price was sharply lower in China today).Click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all the key upcoming economic data in tonight’s Evening Wrap. Also, I have detailed technical analysis on the NASDAQ Composite, ASX 200, Copper, and Uranium in today’s ChartWatch .Let’s dive in! Markets XJO Intraday chart 20 […]

North Shore Uranium Signs Exploration Agreement with the English River First Nation

VANCOUVER, BC / ACCESS Newswire / March 20, 2025 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to announce that it has executed an exploration agreement with the English River First Nation ("ERFN") in Saskatchewan ("the Agreement"). The Agreement outlines a number of areas of collaboration between the ERFN and the Company at its Falcon property ( "Falcon" or the "Property") at the eastern margin of the Athabasca Basin in northern Saskatchewan.

The ERFN is a First Nation with its main reserve Wapachewunak Saskatchewan, located approximately 200 km southwest of Falcon. ERFN’s ancestral territory covers approximately 75,000 km 2 of north-central Saskatchewan. Traditionally, people of the ERFN are known as the "People of the Great River", referencing the Churchill River. The ERFN prides itself on being guided by ancestral traditions and the knowledge of their Elders while being a partner with […]

Guy Le Page: Copper, Uranium Top of Mind, Plus Aussie vs. Canadian Mining

As the gold price continues to trade at or near record levels, Guy Le Page, director at RM Corporate Finance, said he’s seen a "big uptake" of gold stocks in Australia over the last 12 months.

Interest in lithium has dropped off, but copper, uranium and critical minerals like antimony are gaining attention.

"We’re seeing broad interest across the commodities,” Le Page told the Investing News Network (INN) at this year’s Toronto-based Prospectors & Developers Association of Canada ( PDAC ) convention.

In terms of what his firm is focusing on right now, he highlighted copper and uranium."I think copper and uranium are front of our mind at the moment," Le Page said. Why copper and uranium? Copper’s importance in Australia is growing as the country focuses on its road to net zero. The red metal is often used for renewable energy innovations such as electric vehicles, wind turbines and […]

Why Uranium Energy Corp. (UEC) is Gaining This Week?

We recently compiled a list of the Why These Energy Stocks are Gaining This Week . In this article, we are going to take a look at where Uranium Energy Corp. (NYSE:UEC) stands against the other energy stocks.

After a lackluster performance in 2024, the broader energy sector finally seems to be doing better this year with gains of 5.85% since the beginning of 2025, against a decline of over 4% by the wider market during the period.

One sector that has garnered significant worldwide attention over the last year is that of nuclear energy, largely driven by the widespread recognition of its importance in the global ‘clean energy transition’. The ongoing AI boom and the accompanying data centers could also be a major growth driver for the industry, as these facilities consume an overwhelming amount of energy, which needs to come from a relatively cheap, clean, and reliable source such […]

Aero Energy and Fortune Bay Commence Drilling at Howland Lake, Murmac Uranium Project

HALIFAX, NS, March 19, 2025 /CNW/ – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the commencement of drilling at Howland Lake on the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City.

The program is expected to include up to six drill holes, totalling approximately 900 metres, to further test the Howland Lake electromagnetic ("EM") conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the Project has potential to host high-grade, basement-hosted deposits typical of the Athabasca Basin.

Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023.

Highlights: High-Grade Follow-Up: Drilling to be focused at Howland Lake North on targets along strike […]

AERO ENERGY AND FORTUNE BAY COMMENCE DRILLING AT HOWLAND LAKE, MURMAC URANIUM PROJECT

Fortune Bay Corp. Logo (CNW Group/Fortune Bay Corp.) HALIFAX, NS, March 19, 2025 /CNW/ – Fortune Bay Corp. (TSXV: FOR ) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the commencement of drilling at Howland Lake on the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City. Figure 1: Howland Lake radon-in-water results and drill targets. (CNW Group/Fortune Bay Corp.) The program is expected to include up to six drill holes, totalling approximately 900 metres, to further test the Howland Lake electromagnetic ("EM") conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the Project has potential to host high-grade, basement-hosted deposits typical of the Athabasca Basin.

Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO ) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), and is being operated by Fortune Bay, under an […]

UEC Earnings Miss Estimates in Q2, Uranium Sales Drive Revenues

RIO−0.13% UEC+1.63%

Uranium Energy UEC reported second-quarter fiscal 2025 adjusted loss per share of one cent, which missed the Zacks Consensus Estimate of a break-even earnings per share. UEC had reported earnings of one cent per share in the year-ago quarter.

Including one-time items, Uranium Energy reported a loss of two cents per share against earnings of one cent per share in the year-ago quarter.

Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Uranium Energy Corp. Price, Consensus and EPS Surprise Uranium Energy Corp. price-consensus-eps-surprise-chart | Uranium Energy Corp. Quote UEC’s Q2 Revenues Surge on Uranium Sales Uranium Energy reported revenues of $49.8 million, which surpassed the Zacks Consensus Estimate of $41 million.UEC sold 600,000 pounds of uranium at $82.92 per pound in the second quarter of 2025. Revenues from toll processing services were nil.In the year-ago quarter, UEC had not sold any of its […]

UEC Reports Stellar $49.8M Revenue as Net-Zero Uranium Strategy Gains Momentum

Uranium Energy Corp (UEC) is making big strides in the uranium industry. With strong financial results, strategic acquisitions, and a growing focus on sustainability, the company is positioning itself as a leader in clean energy.

In the second quarter of the fiscal year 2025, UEC reported impressive revenue, expanded its domestic uranium production, and strengthened its commitment to net-zero emissions. Here’s a closer look at how UEC is shaping the future of nuclear energy . Strong Financials Fuel UEC’s Growth

UEC generated a revenue of $49.8 million from selling 600,000 pounds of U₃O₈ (uranium ore concentrate) at an average price of $82.92 per pound. This resulted in a gross profit of $18.2 million .

Additionally, UEC maintained an inventory of 1,356,000 pounds of U₃O₈, valued at $97.3 million based on current market prices. The uranium company has strong liquidity, holding $214 million in liquid assets and no debt. This positions […]